Reuters exclusively reported that more than a dozen tankers loaded with 10 million barrels of Russia’s Sokol grade crude oil have been stranded off the coast of South Korea for weeks, so far unsold due to U.S. sanctions and payment issues, according to two traders and shipping data.
CommoditiesHuman Interest
Russia struggles to sell Pacific oil, 14 tankers stuck
26 January 2024, 9:49 pm 1 minute
Market Impact
Difficulties in selling Sokol grade pose one of the most significant challenges Moscow has faced since the West imposed sanctions and one of the most serious disruptions to Russian oil exports in two years.
Article Tags
Topics of Interest: CommoditiesHuman Interest
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe
Countries: Russia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
